Investment Q&A

Q: Hi Peter & Ryan,

While the results looked decent at SYZ; I was caught off guard by the following statment in the the dividend release. "Jim Wilson, President & CEO of Sylogist commented "Moving forward, we can foresee that prudent capital allocation may dictate adjusting our dividend downward to allow us to invest directly in business acquisitions where the opportunity to increase our share's intrinsic value exceeds the value of a pre-tax return of cash to shareholders."

It was also noteworthy that they broke their mini streak of raises every two qtrs. Seems to me by my simple analysis that a very large acquisition is in the works that may eat in to the some or all of the cash pile. Am I reading the tea leaves correctly? Would they really cut, instead of just keeping it flat?

Part of the attraction to this company has been the way the add value to shareholders; so I would defer to management to do what they seem fit to add value; but a potential cut seems to send the wrong message.


Thanks,
J.

Q: With the recent uptick in wi-lan do you still think its a cheap stock and safe to buy at this level for a long term hold.

Q: Could you comment on results and going forward ?

Q: Where to go now, NHC has done me wrong, should I just get out. I know you don't really like it, do you have an opinion going forward, where to head.
I feel the U.S. may be better than Canada for a while. I am thinking of buying SHW-COST-GOOGL notwithstanding they are all in different spaces, where would you put your money. I kinda favor SHW because it seems to have good 3rd and 4th quarters, more paint sold no doubt. Now the last last question, I own WSP and it is down somewhat, should I perhaps switch over to SNC. Thank you

Q: I am suffering from (FOMO) "fear of missing out" in regards to EIF. It's been on my watch list for months but has not given a pull back for entry. Is the valuation getting ahead of itself here or should I just buy it. I like it for its yield.
Nicholas

Q: HI- your analysis of the quarter please. Loss due to FX seems to have knocked the air out- temporary? Is it a Buy based on valuation and growth?

Q: Hello,

Can you please comment on this morning's Innvest deal and what appears to be a discount in the current market price.

Thank you

Q: Hi! I did some spring cleaning and had to pick between drt and pur. The two were small positions and I ended selling pur and adding a bit to drt. In hindsight it looks like I should have done the opposite. If pur looks better now I can still make the change if you suggest so. Thx, Dominic

Q: Bad Q1 results imo on Nhc/t,please comment.Also,when reading Q4/2015 Annual report,I quote,"Net revenue for fourth quarter of 2015 rose 127.3 per cent to $90.0-million". But when I read today's Q1 report,they quote,"Total revenue for the three months ended March 31, 2016, increased $13.4-million, or 35 per cent, to $51.3-million from $37.9-million in the prior corresponding period".Is there not a descrepency in Q4 revenue??, 1 report says $90M while 1 says $37.9M. Am I missing something or reading wrong???. Bottom line,buy hold or sell. Thanks as always,jb

Q: Any thoughts on their results and sharp drop?

Thanks Kindly.

Q: I dont own this yet. Good a time as any time to buy? Does SYZ issue debt to buy back shares or from cash on hand? Thx Blake

Q: Thinking of buying TCN,but there are a number of negative factors,which hope You can explain.Majority of fund managers on BNN fancy it.Note your comment on BNN on May6 & your report in Mar/15.1)Is there further share dilution since 2014?2)Majority of assets in USA,so this Qtr 1 can be negatively affected as Can$ was strong.3)Is thepresident Gary son of the Chairman?got the job because of nepotism or deserving?Was he the young guy(late thirties) who appeared on BNN some 18mos ago promoting TCN.4)It beat estimates every Q since Q3,2014,but chart is negative($7.40in Oct/14,reached a $12 high in 7/15 & then tumbled till Feb 9/16 to $7.93.5) why price dropped?Please advise if I can buy it now.Always appreciate your great services & voews

Q: ECI gapped up after a hammer, and went into “overbought” territory.
It did the same thing in mid April and "stuck"
It's PE and PB are high ...
Am I being too nervous ?. Would you stick with the name , or is it set up to tumble ?
You seemed to like the company but thought it was pricey , and that was a dollar ago.

Q: Please give your opinion of Sunopta SOY

Q: Sentry Global REIT Fund cut their distribution at the beginning of the year. Is it still a good buy?

Q: I currently hold a 2% position and would like to increase my REIT holdings. Would you suggest a single position or an ETF ? Would you continue to hold Boardwalk ?

Q: looking over the residential reits, wondering what you think of these two. They are smaller and perhaps have been overlooked.
Thank you.

Q: Could you suggest 5 companies with a dividend and with some growth projected in the next years. The objectives is to start using the dividend in around 4-5 years as an income source. I would appreciate if you could focus on companies that are 'cheap' right now or at a discount to their usual price ratio.
I already own AW.un, DIV, KBL, NFI, PBH, ECI, GSY and WSP that sort of fit in the kind of companies i'm looking for. Note that the portfolio is more diverse than that with around 30 names. I'm looking to slowly move from pure growth to dividend with some growth. So i will select names from your list and rebalance the portfolio accordingly.

Q: your take on knight going to market again to raise cash,so instead of 425,000,000 cash they will have 625,000,000 cash, but he doesn't seem to do anything with it, he has done deals but nothing major,with this war chest i am not sure i get the need to go to market again. dave

Q: Good afternoon:
I hold a small position in CAL. Unlike some others in my precious metals portfolio, it is actually showing a very healthy profit. It seems to be virtually unfollowed. I would appreciate your analysis of this company.
Thank you.